• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 7 minutes Middle East on brink: Oil tankers attacked off Oman
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 23 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 5 hours Coal Boom in Asia is Real and a Long Trend
  • 3 hours Hydrogen FTW... Some Day
  • 3 hours China's President Xi To Visit North Korea This Week
  • 17 hours Greenpeace claims one oil rig is "pushing the world closer to a climate catastrophe"
  • 9 hours Fareed Zakaria: Canary in the Coal Mine (U.S. Dollar Hegemony)
  • 7 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 5 hours Forbes: Giant Floating Solar Farms Could Extract CO2 From Seawater, Producing Methanol Fuel.
  • 9 hours Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 7 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 6 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 12 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 22 hours Britain makes it almost 12 days with NO COAL
  • 3 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
Alt Text

Tanker Strikes Spell Doomsday Scenario For OPEC

Today’s oil tanker attacks in…

Alt Text

Canada Can’t Get Its Pipeline Problem Under Control

Canada’s once-booming oil industry has…

Alt Text

Is Now A Good Time To Buy Energy Stocks?

Two bearish factors are weighing…

Matt Smith

Matt Smith

Taking a voyage across the world of energy with ClipperData’s Director of Commodity Research. Follow on Twitter @ClipperData, @mattvsmith01

More Info

Trending Discussions

U.S. Gulf Coast Refiners Are Bouncing Back

Nearly twenty days (or over 450 hours) after Hurricane Harvey made landfall between Port Aransas and Port O'Connor in Texas, there are a number of signs emerging in our ClipperData that the refinery hub of the U.S. is returning to some semblance of normalcy. Hark, here are but three such examples:

Crude waiting offshore is gradually dropping after peaking at the beginning of the week at 31 million barrels - the highest since January. At the start of the week, we saw nearly 50 dirty tankers in the U.S. Gulf, as a backlog built up, ready to deliver to Texas ports as refineries restart.

(Click to enlarge)

Waterborne crude imports into the U.S. Gulf Coast have averaged 3 million barrels per day for 2017, until recent weeks. Arrivals dropped to close to 1mn bpd in the trading week immediately after Hurricane Harvey's landfall, before rebounding back above 2mn bpd last week. Although flows to Texas ports were halted amid the hurricane, we saw higher volumes heading to Louisiana ports instead. Imports are now resuming to key Texas ports.

(Click to enlarge) Related: WTI Breaks $50 As Bullish Sentiment Builds

While crude imports rebound, we see a similar trend playing out for product exports. After they dropped precipitously amid Hurricane Harvey, we are seeing them rebounding across the board - from LPG to fuel oil, to gasoline and diesel. Nonetheless, just as with crude imports, product exports are yet to return to their former glory, with so much refinery capacity still offline.

(Click to enlarge)

By Matt Smith

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment





Oilprice - The No. 1 Source for Oil & Energy News